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Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill

The change in the carrying amount of goodwill during the period ended June 30, 2025, includes the following (in thousands):

 

December 31, 2024

 

$

70,976

 

Foreign currency fluctuation

 

 

4,242

 

June 30, 2025

 

$

75,218

 

 
Intangible Assets, Net

Intangible assets, net consist of the following (in thousands, except as indicated):

 

 

Remaining Avg.
Useful lives

 

Gross

 

 

Accumulated

 

 

Intangible

 

June 30, 2025:

 

(in years)

 

Amount

 

 

Amortization

 

 

Assets, net

 

Developed product technology

 

5

 

$

109,350

 

 

$

(47,306

)

 

$

62,044

 

Internally developed software

 

6

 

 

13,546

 

 

 

(2,415

)

 

 

11,131

 

Trademarks and trade names

 

6

 

 

5,939

 

 

 

(2,467

)

 

 

3,472

 

Customer relationships

 

2

 

 

15,060

 

 

 

(11,316

)

 

 

3,744

 

Distribution network

 

–

 

 

2,413

 

 

 

(2,413

)

 

 

—

 

Total amortized intangible assets

 

 

 

 

146,308

 

 

 

(65,917

)

 

 

80,391

 

 

 

 

 

 

 

 

 

 

 

 

 

Software in development

 

n/a

 

 

6,917

 

 

 

—

 

 

 

6,917

 

In-process research and development

 

n/a

 

 

8,285

 

 

 

—

 

 

 

8,285

 

Total intangible assets

 

 

 

$

161,510

 

 

$

(65,917

)

 

$

95,593

 

 

 

 

 

.

 

 

 

 

 

 

 

 

 

Remaining Avg.
Useful lives

 

Gross

 

 

Accumulated

 

 

Intangible

 

December 31, 2024:

 

(in years)

 

Amount

 

 

Amortization

 

 

Assets, net

 

Developed product technology

 

5

 

$

102,412

 

 

$

(38,055

)

 

$

64,357

 

Internally developed software

 

3

 

 

4,283

 

 

 

(1,515

)

 

 

2,768

 

Trademarks and trade names

 

7

 

 

5,267

 

 

 

(1,991

)

 

 

3,276

 

Customer relationships

 

2

 

 

13,996

 

 

 

(10,094

)

 

 

3,902

 

Distribution network

 

–

 

 

2,413

 

 

 

(2,410

)

 

 

3

 

Total amortized intangible assets

 

 

 

 

128,371

 

 

 

(54,065

)

 

 

74,306

 

 

 

 

 

 

 

 

 

 

 

 

Software in development

 

n/a

 

 

12,927

 

 

 

—

 

 

 

12,927

 

In-process research and development

 

n/a

 

 

6,285

 

 

 

—

 

 

 

6,285

 

Total intangible assets

 

 

 

$

147,583

 

 

$

(54,065

)

 

$

93,518

 
Schedule of Intangible Assets, Future Expected Amortization Expense

Future amortization expense related to intangible assets is as follows (in thousands):

Remainder of 2025

 

$

12,992

 

2026

 

 

17,376

 

2027

 

 

16,915

 

2028

 

 

11,991

 

2029

 

 

11,606

 

Thereafter

 

 

9,511

 

 

 

$

80,391